Economy

Monday, July 5th 2021 - 08:47 UTC
Bringing all Argentines stranded abroad back home at a rate of 600 daily passengers might take up to five months

Argentina's Chamber of Airlines (JURCA) issued a statement over this weekend, warning that bringing back all travellers banned from reentering the country following a cap of 600 airborne passengers a day might take up to five months.
Monday, July 5th 2021 - 08:07 UTC
US Judge extends Latam's bankruptcy protection restructuring plan to September 15

The Latam group airlines group reported that the Federal Court from the southern district of New York approved the extension of its restructuring plan to September 15, as part of the bankruptcy protection process initiated last year.
Monday, July 5th 2021 - 07:09 UTC
Suez Canal blockage: Egypt and Japanese company reach a deal to release vessel

Egyptian authorities and Japan's Shoei Kisen Kaisha finally reached an agreement on compensations for Suez canal lost revenues and the cost of salvaging a huge vessel that blocked the crucial waterway linking Asia with Europe.
Saturday, July 3rd 2021 - 11:19 UTC
US Dollar climbs to R$ 5.05 in a Brazilian market hit by political turmoil

The US dollar was traded at R$ 5.05 apiece Friday amid Brazil's volatile context with President Jair Bolsonaro under investigation for alleged corruption and a mega request for his impeachment already in Congress.
Saturday, July 3rd 2021 - 11:12 UTC
Paraguay's inflation reaches 0.4% in June

Paraguay's inflation in June stood at 0.4%, according to a Central Bank report issued Friday in Asunción. The new data showed a slight improvement, compared to May's 0.6%, for a total of 1.5% in the first half of the year 2021.
Saturday, July 3rd 2021 - 11:07 UTC
Flybondi resumes services after pandemic-caused travel restrictions in Argentina

Argentine budget carrier Flybondi is to resume domestic services after 15 months grounded due to restrictions on the circulation of people owing to sanitary reasons, it was announced.
Friday, July 2nd 2021 - 09:20 UTC
Chile's economy grows 18.1% thanks to pension withdrawals and state emergency funding

Chile's Central Bank Thursday reported an 18.1% economic growth in May, which has brought it back to the pace of prepandemic levels.
Friday, July 2nd 2021 - 08:49 UTC
Uruguayan meat processing plant may resume shipments to China after labelling incident in April

The Uruguayan BPU meat processing plant has been cleared to resume exports to China as of July 1 after it was banned April 9 due to a mislabelled shipment, it was announced Thursday.
Friday, July 2nd 2021 - 08:32 UTC
International tax rules reform: 130 countries support minimum 15% rate on large multinationals’ profits

Following two days of discussions hosted by Paris based Organization for Economic Cooperation and Development, OECD, 130 countries, representing more than 90% of global GDP, joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. But Ireland and eight other countries decline to accept the agreement.
Friday, July 2nd 2021 - 08:04 UTC
World Bank names new LatAm, Caribbean Chief Economist

The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.